The Naval Institute Foundation Inc

ANNAPOLIS, MD EIN: 52-1814344 Website

THE NAVAL INSTITUTE FOUNDATION WAS ORGANIZED TO OPERATE EXCLUSIVELY TO RAISE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE MISSION AND POLICIES OF THE UNITED STATES NAVAL INSTITUTE.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$14.7M

+24.4% YoY

Annual Giving

$3.3M

-6.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3.3M

-6.6% YoY

About The Naval Institute Foundation Inc

Based on IRS filings

The Naval Institute Foundation Inc is a nonprofit organization, based in ANNAPOLIS, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.7M in total assets. In 2024, it awarded 1 grants totaling $3.3M. Net investment income was $226K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $42.3M (100%)

States

Maryland

Cities

Annapolis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$14,727,671	$11,834,384	$13,167,023
Revenue	$6,120,881	$9,412,802	$5,073,698
Expenses	$4,801,914	$5,200,662	$5,558,232
Qualifying Distributions	—	—	—
Net Investment Income	$225,512	$168,766	$109,157
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include United States Naval Institute ($3,267,311).

Recipient	Purpose	Amount
UNITED STATES NAVAL INSTITUTE ANNAPOLIS, MD	TO ADVANCE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER.	$3,267,311

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RADM RAYMOND A SPICER USN RET	CEO, DIRECTOR	10	—
HEATHER LANCASTER	COO, SECRETARY, DIRECTOR	35	—
GEN PETER PACE USMC RET	CHAIRMAN, DIRECTOR	2	—
MICHAEL M WISEMAN ESQ	VICE-CHAIRMAN, DIRECTOR	1	—
RADM KENDELL PEASE USN RET	DIRECTOR	1	—
MR STEPHEN M WATERS	DIRECTOR	1	—
CDR GREGORY E GLAROS USN RET	DIRECTOR	1	—
ADM JONATHAN GREENERT USN RET	DIR. - BOARD LIAISON (THRU MAY)	1	—
MEL IMMERGUT	DIRECTOR - BOARD LIASON	1	—
MARTIN J BOLLINGER	DIRECTOR	1	—
JANE CLAYTON JOHNSON	DIRECTOR	1	—
DIRK P MOSIS	DIRECTOR	1	—
MICHAEL J SALVATO	DIRECTOR	1	—
JOHN MAJORAS	DIRECTOR (AS OF NOV)	1	—
DOUGLAS WALLEN	TREASURER	8	—
VADM PETER H DALY USN RET	FORMER CEO, CONSULTANT	2	—

Frequently Asked Questions

How large is The Naval Institute Foundation Inc?

As of 2024, The Naval Institute Foundation Inc holds $14.7M in total assets with $6.1M in annual revenue. It awarded 1 grants totaling $3.3M in 2024.

Where does The Naval Institute Foundation Inc operate?

The Naval Institute Foundation Inc has awarded grants in Maryland.

What size grants does The Naval Institute Foundation Inc award?

In 2024, The Naval Institute Foundation Inc awarded 1 grants totaling $3.3M — an average of about $3.3M per grant, based on its IRS Form 990 filings.

What is The Naval Institute Foundation Inc's EIN?

The Naval Institute Foundation Inc's EIN (Employer Identification Number) is 52-1814344. IRS Form 990 filing data is available on this page for 2020–2024.